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- LoopNet Team
576 Fairview Ave
Ridgewood, NY 11385
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Beautiful 3 Unit Building For Sale Offered At A 6.63 Cap!!!
- Both 2 Bedroom Apartments Are Month To Month & They're Rented Well Below Market Value (Upside Potential!!)
- The 1st Floor Can Be Delivered With A Lease Or Vacant If Necessary To Accommodate The Needs Of An End-User & Or Developer
- This Property Features Great Exposure, Excellent Signage, A New Boiler, 2 Free Market Apartments, A Full Basement, Motion Sensor Lights, Skylight, +++
- The Zoning Allows For The Property To Be Turned Back Into A Restaurant
- Located On The Corner Of Fairview Ave. & Menahan St.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Restaurant
- Security System
- Signage
- Skylights
- Storage Space
- Air Conditioning
ABOUT 576 FAIRVIEW AVE , RIDGEWOOD, NY 11385
Calling All Investors, End-Users & Restauranteurs!!! Beautiful 3 Unit Building For Sale Offered At A 6.63 Cap!!! Located On The Corner Of Fairview Ave. & Menahan St. This Property Features Great Exposure, Excellent Signage, A New Boiler, 2 Free Market Apartments, A Full Basement, 3 Separate Electric Meters, Separate Gas Meters, Motion Sensor Lights, Skylight, +++!!! Both 2 Bedroom Apartments Are Month To Month & They're Rented Well Below Market Value (Upside Potential!!). The 1st Floor Is Rented To A Contractor. The 1st Floor Can Be Delivered With A Lease Or Vacant If Necessary To Accommodate The Needs Of An End-User & Or Developer. The Zoning Allows For The Property To Be Turned Back Into A Restaurant. This Is An Excellent Opportunity!!! Contractor: $6,750 Per Month ($81,000 Ann.) The Contractors Space Can Be Delivered With A Lease Or Unoccupied. The 2 Br Apartment (Left): $1,400 Per Month ($16,800 Ann.) Month-Month (Free Market, Huge Upside Potential!!) The 2 Br Apartment (Right): $1,450 Per Month ($17,400 Ann.) Month-Month (Free Market, Huge Upside Potential!!)
PROPERTY TAXES
| Parcel Number | 03391-0047 | Improvements Assessment | $139,320 |
| Land Assessment | $61,200 | Total Assessment | $200,520 |
PROPERTY TAXES
